Gold retreated slightly on Thursday after revised data on the GDP of the U.S. for Q2 revealed the economy was more solid than had initially been reported. The report published shows that U.S. GDP exhibited 3.8% growth year-on-year for Q2 of this year, which was higher than the 3.5% that analysts had expected.
The rhetoric about mass firings raises concerns among investors, and this is acting as a tailwind for safe haven gold. Companies like GEMXX Corp. (OTC: GEMZ) that are involved in extracting gold and making consumer goods like jewelry from this gold will be monitoring the developing situation on…
NOTE TO INVESTORS: The latest news and updates relating to GEMXX Corp. (OTC: GEMZ) are available in the company’s newsroom at https://ibn.fm/GEMZ
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